Managers / Q2 2026
BDFS Capital LLC
CIK 0002112636 · 19409 PLANTATION RD, BLDG. 2, UNIT 1, REHOBOTH BEACH, DE, 19971 · (302) 265-2236
Summary
Bdfs Capital LLC reported $230M in U.S.-listed holdings across 116 positions for Q2 2026.
The portfolio is heavily concentrated: First Tr Exchange Traded Fd alone accounts for 29.9% of reported value.
Compared with Q1 2026, the fund opened 12 new positions and exited 33.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 78.9% · $182M
- Common Stock · 19.9% · $46M
- Other · 0.7% · $2M
- ADR · 0.4% · $859,690
- REIT · 0.1% · $251,728
Quarter-over-Quarter Changes full breakdown →
vs Q1 2026 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AVGOBROADCOM INC | NEW | +2.4K | 2.4K | +$904,850 | $904,850 |
| DIMENSIONAL ETF TRUST | NEW | +10.2K | 10.2K | +$838,676 | $838,676 |
| LRCXLAM RESEARCH CORP | NEW | +1.4K | 1.4K | +$599,964 | $599,964 |
| JPMJPMORGAN CHASE & CO | NEW | +1.7K | 1.7K | +$560,825 | $560,825 |
| SPDR SERIES TRUST | NEW | +5.2K | 5.2K | +$472,887 | $472,887 |
| INTCINTEL CORP | NEW | +3.1K | 3.1K | +$430,458 | $430,458 |
| PANWPALO ALTO NETWORKS INC | NEW | +1.2K | 1.2K | +$396,947 | $396,947 |
| BLACKROCK ETF TRUST | NEW | +7.5K | 7.5K | +$396,402 | $396,402 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 29.92% | $69M | 1.15M |
| 2 | DFACDIMENSIONAL ETF TRUST | US COR EQU 2 ETF · US COR EQU 1 ETF · INTL CORE EQUITY · SHOR DUR FIX ETF · US HIGH PROF ETF · US LARG VALU ETF · EMERGING MKTS CO · INTL HIGH PROFIT · US SMALL CAP ETF · INTL SMALL CAP V · EMERGING MKTS HI · NATL MUN BD ETF · US LARG VECT ETF | 23.93% | $55M | 1.20M |
| 3 | ISHARES TR | TRUST ISHARE 0-1 · A RATE CP BD ETF · SHRT NAT MUN ETF · NATIONAL MUN ETF | 6.44% | $15M | 149.8K |
| 4 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 4.05% | $9M | 192.2K |
| 5 | VGSHVANGUARD SCOTTSDALE FDS | SHORT TERM TREAS · MTG-BKD SECS ETF | 2.29% | $5M | 98.6K |
| 6 | VANGUARD BD INDEX FDS | TOTAL BND MRKT · SHORT TRM BOND | 2.19% | $5M | 67.3K |
| 7 | NVDANVIDIA CORPORATIONhistory → | COM | 1.53% | $4M | 17.6K |
| 8 | AAPLAPPLE INChistory → | COM | 1.43% | $3M | 11.4K |
| 9 | JOHN HANCOCK EXCHANGE TRADED | PFD INCOME ETF | 1.35% | $3M | 137.3K |
| 10 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 0.99% | $2M | 6.4K |
| 11 | MSFTMICROSOFT CORP | COM | 0.94% | $2M | 5.8K |
| 12 | VANGUARD INDEX FDS | TOTAL STK MKT | 0.90% | $2M | 5.6K |
| 13 | BABOEING CO | COM | 0.75% | $2M | 7.9K |
| 14 | NOCNORTHROP GRUMMAN CORP | COM | 0.75% | $2M | 3.4K |
| 15 | AMZNAMAZON COM INC | COM | 0.71% | $2M | 6.9K |
| 16 | WISDOMTREE TR | FLOATNG RAT TREA | 0.71% | $2M | 32.3K |
| 17 | METAMETA PLATFORMS INC | CL A | 0.68% | $2M | 2.8K |
| 18 | CRSCARPENTER TECHNOLOGY CORP | COM | 0.66% | $2M | 2.5K |
| 19 | AMKRAMKOR TECHNOLOGY INC | COM | 0.62% | $1M | 16.7K |
| 20 | JNJJOHNSON & JOHNSON | COM | 0.62% | $1M | 5.6K |
| 21 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 0.60% | $1M | 1.9K |
| 22 | MPWRMONOLITHIC PWR SYS INC | COM | 0.50% | $1M | 831 |
| 23 | FCFSFIRSTCASH HOLDINGS INC | COM | 0.47% | $1M | 5.0K |
| 24 | LRNSTRIDE INC | COM | 0.47% | $1M | 12.4K |
| 25 | VSECVSE CORP | COM | 0.43% | $996,641 | 4.4K |
| 26 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 0.43% | $990,114 | 19.6K |
| 27 | TRVCCITIGROUP INC | COM NEW | 0.43% | $986,691 | 7.0K |
| 28 | ISHARES U S ETF TR | SHOR MAT MUN ETF | 0.43% | $979,362 | 19.4K |
| 29 | AVGOBROADCOM INC | COM | 0.39% | $904,850 | 2.4K |
| 30 | SCHWAB STRATEGIC TR | SHT TM US TRES | 0.39% | $901,203 | 37.3K |
| 31 | APGAPI GROUP CORP | COM STK | 0.39% | $898,301 | 21.2K |
| 32 | TSMTAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 0.37% | $859,690 | 1.8K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.